Commodity-related equities have now troughed, according to JPM’s Neil Gregson, who says that the market has moved past the point of maximum pessimism. Having significantly underperformed and hit investors with huge capital losses over recent years, commodity and basic material stocks have bounced back and performed well relative to the wider global equity market so far in 2014.
Gregson, manager of the £1bn JPM Natural Resources fund, says this recovery in prices demonstrates that the market has now bottomed and that investors can expect a period of decent performance from the sector...............................................Full Article: Source